It was announced recently that the complex would be allowed to offer gambling services around the clock.

The property is slated to open doors on September 1, a month earlier than previously scheduled. Twin River is currently building the Twin River Tiverton Casino complex in Tiverton, Rhode Island. Rhode Island, one of Twin River’s main markets, legalized sports betting late last month and the company will probably take advantage of the opportunity to enter the sports betting field. The US Supreme Court lifted earlier this year a long-standing ban on sports betting which unleashed a wave of legislative changes across individual states to allow for the provision of that type of service. added that they anticipate to realize numerous benefits from the deal, as Dover Downs is experienced not just in the land-based casino field but also in sports betting. The executive further elaborated that the deal would help Dover Downs invest in its people and facilities, grow its business and be a more effective competitor in the changing gaming industry landscape. It is yet to be announced when the transaction is expected to be completed.Ĭommenting on the Sunday announcement, Dover Downs President and CEO Denis McGlynn said that joining forces with Twin River would be transformational for his company. The closure of the deal is subject to regulatory approvals and related closing conditions. The transaction will involve stockholders in Dover Downs exchanging their stock in the company for common shares in Twin River, which will represent around 7.225% in the combined business once their consolidation is complete, the two companies said in a joint statement Sunday.īeing a privately held operation, Twin River will have to register its shares with the US Securities and Exchange Commission and to list them on the New York Stock Exchange or the NASDAQ Stock Market. The proposed deal will see the operator transform into a publicly traded operation with properties in Rhode Island, Mississippi, Colorado, and Delaware. Twin River currently operates as a private company. announced on Sunday that they have agreed to merge their operations amid a wave of consolidation in the US land-based casino sector.

and Dover Downs Gaming & Entertainment Inc. US gaming companies Twin River Worldwide Holdings Inc.

Twin rivers casino merger